KULR Technology Group Inc (KULR)

[4retire]

KULR has received some landmark orders and commitments from many Fortune 500 companies. There’s no doubt that KULR has some great products/solutions and an engineering team that can bring the order home. Unfortunately they apparently have a very weak CFO that can’t stop the bleeding financially.

Obviously you have to reinvest in your company to grow it. The key word is “re”. You first have to recoup costs through either profitable sales, or reduce costs through reducing personnel, limit R&D spend, limit marketing spend and give the ultimate power of the company to an iron fisted CFO. This is where KULR has very significant problems. They spent over $23 million to generate over $9.3 million in revenue at a 37% GP.

Do I still think my investment in KULR was wise? Not sure. They did however promise to be profitable by the end of the 2nd quarter. That is meaningful. Unfortunately I’m afraid we’re going to see large dilution until then for mere sustainability. And that’s a damn shame